As the values of retirement investments have dropped in response to the global recession, many alumni are considering gifts to their alma mater that offer both immediate tax benefits and guaranteed income for life.
A charitable gift annuity made to the Divinity School provides an immediate tax deduction and guaranteed income of 5 percent or more for the donor’s lifetime (which also may include one’s spouse). At the end of the donor’s lifetime, those funds continue to support the Divinity School in perpetuity.
Recent contributions in support of the Divinity School’s programs and to fulfill commitments for the Financial Aid Initiative include: $200,000 for the Reynolds Program in Christian Leadership directed through the United Methodist Foundation of Western North Carolina by Royce and Jane Reynolds of Greensboro, N.C.; $200,000 for a Scholarship Endowment Challenge Fund from the Arthur Vining Davis Foundations of Jacksonville, Fla.; and $180,000 for the Center for Reconciliation, a commitment to be paid over three years from the Ruth Lilly Philanthropic Foundation, directed by Bill and Renie McCutchen of Westport, Conn.
Additional gifts include $27,400 for Divinity Continuing Education from the James A. Gray Trust Fund of Winston-Salem, N.C.; $12,500 for the Baptist House of Studies program from Coolidge and Brenda Porterfield of Greensboro, N.C.; $10,500 for the Center for Reconciliation from Simon and Nancy Rich of Edenton, N.C.; $10,000 for the Endowment for Mission Outreach Initiatives in memory of Susan Lutz Allred, Divinity Class of 1983, from Ann Lutz Harry of Shelby, N.C.; $10,000 for the Frederick Herzog Memorial Endowment from Kristin Herzog of Durham, N.C.; $10,000 for the William Kellon Quick Scholarship from Edna S. Newnan of Birmingham, Mich.; and $10,000 for the Freida Bennett Shaulis Scholarship from Elwood Shaulis of Whispering Pines, N.C.
As the June 30 deadline for the 2009 Annual Fund nears, every dollar counts. Gifts in any amount may be made online at www.divinity.duke.edu/giving. Your gift helps make theological education at Duke possible for leaders of the future.
For information on opportunities and needs and how to support the Divinity School through outright and planned gifts, please call Jami Moss Wise or Robin Fowler at (919) 660-3456.